We all have spending habits—things that we regularly spend money on as if by reflex. Some of our spending habits are beneficial, some are a complete waste of money, but most lie in the murky waters of the in between.
The thing to realize with all spending is that there is a limited amount of money that will come into your world over the course of your life. Our lives are finite, and so is our money. When you understand that all you have is 100 percent of your money to work with, each purchase suddenly carries a lot more weight. You can only spend each dollar once. And once it’s gone, it is never coming back. It won’t make its way to your savings account, your investment account, or your business.
There is no hard and fast rule on what you should spend your money on, but some expenses are investments in your life or your business, and some are pure cost and offer only temporary joy. In New York City, I’m willing to bet that the most common spending habit is Starbucks. I, personally, spend $4.84 for a grande skim mocha latte pretty much every day. Another really common one—especially for performers—is a gym membership. My preferred option here is Mark Fisher Fitness (MFF) for which
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